Can Unemployment Numbers Predict the Number of Mortgages That Will Go into Forbearance?

Urban Institute, May 15, 2020–Laurie Goodman, Michael Neal, Jung Hyun Choi
The authors explain why estimating how many of the 33.4 million borrowers who have government-backed mortgages will ask for forbearance in the coming months is important: it tells policymakers how much support mortgage servicers will require to remain operational in the coming months.